Riyadh – Mubasher: Al Gassim Investment Holding Company (GACO) announced Abdulrahman Saleh Alhudheif as the new Chairman of the board, according to a bourse disclosure.
The Saudi firm also named Rasheed Sulaiman Al Rasheed as the Vice Chairman.
Meanwhile, the board unveiled the two appointments during their meeting that was held on 26 February 2023.
In the first nine months (9M) of 2022, GACO incurred net losses after Zakat and tax worth SAR 746,685, an annual leap of 102.02% from SAR 369,611.
Revenues declined by 2.41% to SAR 8.34 million in 9M-22 from SAR 8.55 million in 9M-21, whereas the loss per share increased to SAR 0.03 from SAR 0.01.
Accumulated losses amounted to SAR 11.47 million as of 31 September 2022, accounting for 3.82% of the SAR 300 million capital.
